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THE CRITERIA OF THIS REPORT | ECONOMIC PERFORMANCE

to all companies subject to Directive 2014/95/
EU with regard to reporting non-financial
information (also known as the Non-Financial
Reporting Directive – NFRD). RATTI’S LONG-TERM STRATEGIES
This information is held in order to provide AND ACTION PLANS ARE ALSO DEFINED
further details (capital expenditure - Capex -and WITH THE GOAL OF MEETING
operational expenditure - Opex-) of financial THE EXPECTATIONS OF THE VARIOUS
activities that are classified as sustainable, in STAKEHOLDERS,
response to six environmental objectives.

The following objectives are set by the
Taxonomy:
1. mitigation of climate change;
2. adaptation to climate change;
3. sustainable use and protection of water and
marine resources;
4. transition to the circular economy, also with
regard to reducing and recycling waste;
5. prevention and control of pollution;
6. protection of biodiversity and the health of
eco-systems.

The Taxonomy Regulation considers activities
to be sustainable (i.e. “Taxonomy-aligned”)
if they comply with various criteria, which
includes making a “substantial” contribution to
at least one of the six criteria that have been
established.

The Climate Delegated Act of 4 June 2021
sets out the technical criteria for selecting
economic activities which are sustainable from
an environmental point of view, and which
make a significant contribution to the first two
objectives, i.e. “mitigation of climate change”
and “adaptation to climate change”.

The Ratti Group, whose core business is
represented by “textile finishing”, a sector
currently excluded from those considered for the
first two objectives regarding climate change, is
not eligible.
As a result of this, on the basis of the evaluations
that have been carried out to date, the KPIs
relating to turnover, Capex and Opex are
all 0. It should be noted, however, that the
current method used to evaluate admissible
activities was developed on the basis of current
information, so it should not be excluded that
for the next reporting year (2022) the Legislator
could provide guidelines or information that
could modify the current interpretation. its eligible activities, providing communication
of this in the 2022 DNF. In particular, the
Therefore, on the basis of these considerations company Second Life Fibers, a subsidiary set
and in relation to the future publication of up by Ratti but not yet operational, will carry
delegated acts for the remaining four objectives, out certain activities which could contribute to
the Ratti Group will carry out a new evaluation of objective 4: “transition to the circular economy”.

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